Combined Net Worth definition

Combined Net Worth means that sum calculated as follows from borrower and guarantor financial statements, each prepared as of the same date: Borrower’s Tangible Net worth plus Guarantor(s)’ Tangible Net Worth minus the sum of the following, If included in the Guarantor’s Tangible Net Worth: assets held jointly unless all owners guaranty the debt secured hereby, Guarantor’s equity in the Borrower, receivables due from the Borrower, unverified and unrealized appreciation in personal residence(s), equity in automobiles and other personal property, and unsecured receivables, MINUS payables due to Borrower.

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Combined Net Worth at a particular date, all amounts which would, in conformity with GAAP, be included on a combined balance sheet of the Borrowers and their Subsidiaries as at such date for Preferred Stock plus any increase or decrease in retained earnings between the Closing Date and such date.

Combined Net Worth means, at any date, the stockholders’ equity of the Universal Group, determined as of such date on a Combined basis.

Examples of Combined Net Worth in a sentence

The Parent fails to maintain a Combined Net Worth greater than or equal to the Minimum Net Worth.
The balance of the Purchase Price with respect to the Combined Net Worth (i.e., the excess, if any, of the Combined Net Worth over the Estimated Combined Net Worth) shall be paid to the Seller within 30 days after the determination of Combined Net Worth, in accordance with the provisions of Sections 1.2(b) and 1.2(c) hereof, by certified or bank cashier's check or by the wire transfer of immediately available funds.
As of the Commencement Date and at all times throughout the Term, the Combined Tenants and the Guarantors (collectively the "Net Worth Parties") shall maintain a Combined Net Worth of Nine Million and No/100 Dollars ($9,000,000.00) (the "Minimum Net Worth Amount").
Permit Combined Net Worth at the end of any fiscal quarter to be less than $375,000,000.
The Company will maintain at all times (a) a ratio of Combined Total Liabilities (as hereinafter defined) to Combined Net Worth (as hereinafter defined), determined in accordance with generally accepted accounting principles consistently applied, of not greater than 1 to 1 and (b) a ratio of Adjusted Combined Total Liabilities (as hereinafter defined) to Adjusted Combined Net Worth (as hereinafter defined) of not greater than 1.5 to 1.

More Definitions of Combined Net Worth

Combined Net Worth means, as of any date of determination, the sum of (a) Gross Assets as of such date, minus (b) Total Liabilities as of such date.

Combined Net Worth means, at any particular time, all amounts which, in conformity with GAAP, would be included as stockholders' equity on a combined balance sheet of Parent and the Subsidiaries (determined on a consolidated basis) and any ER Management Party that is not otherwise a Subsidiary.

Combined Net Worth means that sum calculated as follows from borrower and guarantor financial statements bearing the same date as each other: Borrower's Tangible Net worth plus Guarantor(s)' Tangible Net Worth minus the sum of the following, if included in the Guarantor's Tangible Net Worth: assets held jointly unless all owners guaranty this debt, Guarantor's equity in the Borrower, receivables due from the Borrower, unverified and unrealized appreciation in personal residence, equity in automobiles and other personal property, and unsecured receivables, MINUS payables due to Borrower.

Combined Net Worth means at any date, all amounts that would, in conformity with GAAP, be included on a combined statement of financial condition of the Borrowers and their respective consolidated Subsidiaries under unitholders’ capital at such date without giving effect to any non-cash charges resulting from the vesting or issuance of equity to employees, principals or others.

Combined Net Worth means the sum of the common stockholders' equity of the Companies as set forth on the audited balance sheets of the Companies presented on a combined basis as at December 31, 1995 (the "Final Balance Sheet"), prepared in accordance with generally accepted accounting principles ("GAAP"), minus (without duplication)

Combined Net Worth means, as of any date, the sum of (i) the Members’ Equity on such date and (ii) the GTG Net Worth on such date.

Combined Net Worth at any date, all amounts that would in conformity with GAAP, be included on a combined balance sheet of SatCom, Loral Satellite and their respective consolidated Subsidiaries under the stockholders' equity at such date.